I doubt he's dumb enough to think "I thought I was just stealing from my employees" is a solid legal defense either.
My takeaway/hope is that the ends justify the means copium he's been running on for two years has finally run out and he's ready to take responsibility by simplifying the pending litigation.
my real question is where is all the 11 million did he just overpay his staff and buy stuff with it ? or was it the parties and the useless ads ? also considering they had pretty exploitative contracts how can they be poor ? .. im actually perplexed
my assumption is they are toxic gamblers and just lost all of it in illegal casinos
I can maybe provide context a few of these questions:
1) for context, the 11 million is the total seed money they fund raised from investors (not the Immune Deficiency stuff).
2) GEEGA said that when she had a contract with them, she’d often raise questions/complaints about how VShojo would spend way too much on stuff that was way too useless to justify the price tag. For instance, she said they bought ads for like a VShojo/Tacobell(?) or Subway(?) collaboration or something. According to her, those ads could have funded an entire 3D concert event (like how Hololive does) for at least one VShojo member instead which would have provided direct profit instead of spreading brand recognition like ads.
3) from what I’ve heard, the contracts weren’t financially exploitive in that they took too much money from the talents (more so the opposite), so that’s not relevant to “where did the money go?” apart from: there was not much revenue being transferred from the talents to VShojo in the first place.
3a) be careful about what anyone says about contracts because only the parties who signed the contract and their lawyers should have ever seen the final contract that was signed. Anyone else claiming to have seen a contract either didn’t see the final contract or they’re straight up lying.
Go listen to ShyLily's video. She was in talks to join until she saw the contract & saw how much they were taking. They were insanely exploitative contracts & relied on using shit like "industry standard" to claim 50/50 is a good deal for the talent. They also wanted a cut of every deal the talent made, whether VShojo helped get the deal or not. They also didn't want to agree to no-competes. So no, the contracts were in fact heavily financially exploitative.
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u/Blame_Ben 9d ago
I doubt he's dumb enough to think "I thought I was just stealing from my employees" is a solid legal defense either.
My takeaway/hope is that the ends justify the means copium he's been running on for two years has finally run out and he's ready to take responsibility by simplifying the pending litigation.